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	<title>Comments on: GM Restructuring Plan, Take 20</title>
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	<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/</link>
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		<title>By: PierceNichols</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152124</link>
		<dc:creator>PierceNichols</dc:creator>
		<pubDate>Tue, 28 Apr 2009 17:06:24 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152124</guid>
		<description>&lt;p&gt;I think Detroit is going to be a cool city in a decade. There’s also a huge influx of artists taking advantage of the fact that you can score a house for $100 there.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>I think Detroit is going to be a cool city in a decade. There’s also a huge influx of artists taking advantage of the fact that you can score a house for $100 there.</p>
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		<title>By: pseudonymousinnc</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152025</link>
		<dc:creator>pseudonymousinnc</dc:creator>
		<pubDate>Tue, 28 Apr 2009 09:38:03 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152025</guid>
		<description>&lt;blockquote&gt;
&lt;p&gt;I don’t get the decision to keep the Buick brand going&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Buick is &lt;a href=&quot;http://www.msnbc.msn.com/id/12801549/&quot; rel=&quot;nofollow&quot;&gt;huge in China&lt;/a&gt;. And Buick worldwide is more profitable per-unit than Pontiac. There’s a line from a comment in &lt;a href=&quot;http://www.autoblog.com/2006/11/26/chinas-buick-lacrosse-is-cooler-than-ours/&quot; rel=&quot;nofollow&quot;&gt;this thread&lt;/a&gt; that rings true, even though it was two and a half years ago:&lt;br /&gt;&lt;/p&gt;&lt;blockquote&gt;
&lt;p&gt;It’s pretty obvious that GM (and a little less so, Ford) brass and accountants are looking at China and salivating… [o]nly sports cars and large commercial grade trucks will likely remain in North America.&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Although that was before the downturn, I can honestly see a day when the American auto industry looks like Britain’s, with all mass production under foreign ownership, and domestic-owned production limited to niches like Jaguar, Land Rover, Aston Martin and Bentley, except the US version will be GTOs and Vipers and pickups and Jeeps.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote>
<p>I don’t get the decision to keep the Buick brand going</p>
</blockquote>
<p>Buick is <a href="http://www.msnbc.msn.com/id/12801549/" rel="nofollow">huge in China</a>. And Buick worldwide is more profitable per-unit than Pontiac. There’s a line from a comment in <a href="http://www.autoblog.com/2006/11/26/chinas-buick-lacrosse-is-cooler-than-ours/" rel="nofollow">this thread</a> that rings true, even though it was two and a half years ago:</p>
<blockquote>
<p>It’s pretty obvious that GM (and a little less so, Ford) brass and accountants are looking at China and salivating… [o]nly sports cars and large commercial grade trucks will likely remain in North America.</p>
</blockquote>
<p>Although that was before the downturn, I can honestly see a day when the American auto industry looks like Britain’s, with all mass production under foreign ownership, and domestic-owned production limited to niches like Jaguar, Land Rover, Aston Martin and Bentley, except the US version will be GTOs and Vipers and pickups and Jeeps.</p>
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		<title>By: Hmmm</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152013</link>
		<dc:creator>Hmmm</dc:creator>
		<pubDate>Tue, 28 Apr 2009 06:04:06 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152013</guid>
		<description>&lt;p&gt;Naw, vinyl.  Maroon vinyl, if you can imagine.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>Naw, vinyl.  Maroon vinyl, if you can imagine.</p>
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		<title>By: Finngall</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152007</link>
		<dc:creator>Finngall</dc:creator>
		<pubDate>Tue, 28 Apr 2009 05:45:06 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152007</guid>
		<description>&lt;p&gt;With leather?  &lt;/p&gt;
&lt;p&gt;I don’t get the decision to keep the Buick brand going….Buick: The car for the person who is tasteless enough to want a Cadillac, but is too poor to buy one.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>With leather?  </p>
<p>I don’t get the decision to keep the Buick brand going….Buick: The car for the person who is tasteless enough to want a Cadillac, but is too poor to buy one.</p>
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		<title>By: ColinEscherich</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152003</link>
		<dc:creator>ColinEscherich</dc:creator>
		<pubDate>Tue, 28 Apr 2009 05:17:06 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-152003</guid>
		<description>&lt;p&gt;While GM is suffering from a lot of self-inflicted wounds (plus the economic meltdown), I haven’t seen anyone yet mention another factor, either in the press or on the blogs. This is the loss of upward mobility for most Americans. &lt;/p&gt;
&lt;p&gt;GM’s sales strategy was very dependent on its customers’ upward mobility. The lowest rung on the ladder was Chevrolet. As GM’s cheapest brand, it would be a choice for your first new car.  As your lot in life improved, you’d likely buy a Pontiac, then an Olds, then a Buick. If your business grew large, or you made it to the executive suite, you’d buy a Cadillac. As people grew richer, GM could keep their business by trading them up to the next most expensive brand. (Chrysler used a similar approach with Plymouth, Dodge, De Soto, Chrysler and Imperial; Ford didn’t take the trade-up strategy quite so far, with only three lines of cars.) &lt;/p&gt;
&lt;p&gt;This was very lucrative - I once read somewhere that the cost to build a Cadillac was only about $100 more than a Chevy, but the Caddy was much more profitable. With middle-class incomes becoming stagnant starting in the 1970s, the trade-up strategy was one of many things that began unraveling for GM.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>While GM is suffering from a lot of self-inflicted wounds (plus the economic meltdown), I haven’t seen anyone yet mention another factor, either in the press or on the blogs. This is the loss of upward mobility for most Americans. </p>
<p>GM’s sales strategy was very dependent on its customers’ upward mobility. The lowest rung on the ladder was Chevrolet. As GM’s cheapest brand, it would be a choice for your first new car.  As your lot in life improved, you’d likely buy a Pontiac, then an Olds, then a Buick. If your business grew large, or you made it to the executive suite, you’d buy a Cadillac. As people grew richer, GM could keep their business by trading them up to the next most expensive brand. (Chrysler used a similar approach with Plymouth, Dodge, De Soto, Chrysler and Imperial; Ford didn’t take the trade-up strategy quite so far, with only three lines of cars.) </p>
<p>This was very lucrative &#8211; I once read somewhere that the cost to build a Cadillac was only about $100 more than a Chevy, but the Caddy was much more profitable. With middle-class incomes becoming stagnant starting in the 1970s, the trade-up strategy was one of many things that began unraveling for GM.</p>
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		<title>By: Hmmm</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151984</link>
		<dc:creator>Hmmm</dc:creator>
		<pubDate>Tue, 28 Apr 2009 03:35:22 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151984</guid>
		<description>&lt;p&gt;And it looks just like a Telefunken U47.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>And it looks just like a Telefunken U47.</p>
]]></content:encoded>
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	<item>
		<title>By: Hmmm</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151979</link>
		<dc:creator>Hmmm</dc:creator>
		<pubDate>Tue, 28 Apr 2009 03:24:50 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151979</guid>
		<description>&lt;blockquote&gt;&lt;p&gt;Learned to drive on a Catalina, otherwise known as a rolling living room.&lt;/p&gt;&lt;/blockquote&gt;
&lt;p&gt;Same here.  Dad and Grandpa both drove Pontiacs.  All gone now.&lt;/p&gt;</description>
		<content:encoded><![CDATA[<blockquote><p>Learned to drive on a Catalina, otherwise known as a rolling living room.</p>
</blockquote>
<p>Same here.  Dad and Grandpa both drove Pontiacs.  All gone now.</p>
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		<title>By: JohnLopresti</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151968</link>
		<dc:creator>JohnLopresti</dc:creator>
		<pubDate>Tue, 28 Apr 2009 03:03:20 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151968</guid>
		<description>&lt;p&gt;out there where the huskies grow, what league is that.&lt;br /&gt;
The issue is vinyl and those poor naugas who give their hyde for seat covers.&lt;br /&gt;
*6969&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>out there where the huskies grow, what league is that.<br />
The issue is vinyl and those poor naugas who give their hyde for seat covers.<br />
*6969</p>
]]></content:encoded>
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		<title>By: bmaz</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151950</link>
		<dc:creator>bmaz</dc:creator>
		<pubDate>Tue, 28 Apr 2009 02:27:33 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151950</guid>
		<description>&lt;p&gt;The opening was right there for ya Skippy!  Yet you leave a ho hum question……&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>The opening was right there for ya Skippy!  Yet you leave a ho hum question……</p>
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	<item>
		<title>By: skippy</title>
		<link>http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151944</link>
		<dc:creator>skippy</dc:creator>
		<pubDate>Tue, 28 Apr 2009 02:12:25 +0000</pubDate>
		<guid isPermaLink="false">http://emptywheel.firedoglake.com/2009/04/27/gm-restructuring-plan-take-20/#comment-151944</guid>
		<description>&lt;p&gt;what??? no more hummer jokes?&lt;/p&gt;</description>
		<content:encoded><![CDATA[<p>what??? no more hummer jokes?</p>
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